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UK economy stalls in three months to October

Growth in the UK’s economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said.

The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to September.

“GDP growth slowed going into the autumn after a strong summer, with a softening in services sector growth mainly due to a fall in car sales,” said the ONS’s Rob Kent-Smith.

BBC [1]

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Craig Erlam

Craig Erlam [14]

Senior Currency Analyst at OANDA [15]
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.